According to the publication, the latest catalyst for his wealth growth was an insider sale of SpaceX shares, which increased Musk's fortune by approximately $50 billion to $439.2 billion.
SpaceX and its investors agreed on Wednesday to buy $1.25 billion in shares from the company's employees and other owners, a deal that values the space company at about $350 billion, making SpaceX the world's most valuable private startup.
The businessman's capital increased dramatically after the victory of Donald Trump in the US presidential elections, and Musk became his most famous sponsor and supporter. Tesla shares have surged nearly 65% since the campaign trail, as Trump has said he would make it easier to import self-driving cars and end electric car tax breaks that help Tesla rivals.
